28,727 Comcast Corporation $CMCSA Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 148.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,077 shares of the cable giant’s stock after buying an additional 28,727 shares during the quarter. Krilogy Financial LLC’s holdings in Comcast were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Invesco Ltd. raised its position in shares of Comcast by 10.0% during the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after buying an additional 3,952,642 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after purchasing an additional 3,783,234 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Comcast by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after purchasing an additional 507,097 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Comcast by 19.6% during the fourth quarter. Pacer Advisors Inc. now owns 15,677,870 shares of the cable giant’s stock valued at $468,612,000 after purchasing an additional 2,573,360 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Comcast by 43.4% in the fourth quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock worth $404,414,000 after purchasing an additional 4,175,418 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.13 during trading hours on Friday, hitting $21.90. 29,589,305 shares of the company’s stock were exchanged, compared to its average volume of 32,739,894. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $77.72 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.56 and a beta of 0.68. Comcast Corporation has a 52 week low of $20.48 and a 52 week high of $32.85. The stock’s 50-day moving average is $24.14 and its 200-day moving average is $24.84.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts forecast that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is 42.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMCSA shares. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Moffett Nathanson decreased their target price on shares of Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Morgan Stanley dropped their price target on shares of Comcast from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, September 25th. BNP Paribas Exane cut their price target on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings downgraded Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.81.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.